January 24, 2023 08:49 GMT
Primorsk and Ust-Luga Crude Loadings Gaining January
Urals and KEBCO crude oil loadings from Russia's Baltic ports of Primorsk and Ust-Luga are set to rise by 50% this month from December according to Reuters calculations.
- Around 70% of January cargoes of Urals oil are heading to India.
- China, which is seen as the second largest buyer of Urals in January, is also raising oil purchases in physical markets.
- Supplies of oil from Russia and Kazakhstan via Primorsk and Ust-Luga will reach 7.1 million tonnes in January for the highest level since 2019, loading plans show.